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SA aplicable for PCC for MAY 2010

CA.Aditya Malik (CA) (183 Points)

30 November 2009

Dear Friends,

Pl tell me the applicable SA for students of PCC for MAY 2010.

I heard that some new amendments have been also came in syllabus.

Thanks & Regards,

Aditya Malik

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15 Replies

Sunali (Learner) (1317 Points)
Replied 30 November 2009

May 2010..!!...i guess U need to wait for announcement from Institute's side...

However, the following link could be useful

https://icai.org/post.html?post_id=5066&c_id=121

Yamunan S (CA FINAL STUDENT) (39 Points)
Replied 15 December 2009

Refer this link :- https://icai.org/post.html?post_id=5238&c_id=219

Nitesh Chordia (Business) (231 Points)
Replied 22 December 2009

all of the auditing standards which are applicable in june 2009 and nov 2009 exams will be applicable for 2010 exams...I think ther are 32 standards on auditing and all of them will be applicable

Nitesh Chordia (Business) (231 Points)
Replied 22 December 2009

	SA 200 (AAS 1), “Basic Principles Governing an Audit” SA 200A (AAS 2), “Objective and Scope of the Audit of Financial Statements” SA 210 (AAS 26), “Terms of Audit Engagement” SA 210 (Revised) under the Clarity Project, "Agreeing the Terms of the Audit Engagements" SA 220 (AAS 17), “Quality Control for Audit Work” SA 230 (AAS 3), “Documentation” SA 230 (Revised) under the Clarity Project, "Audit Documentation" SA 240 (AAS 4), “The Auditor’s Responsibility to Consider Fraud and Error in an Audit of Financial Statements” SA 240 (Revised) under the Clarity Project, “The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements” SA 250 (AAS 21), “Consideration of Laws and Regulations in an Audit of Financial Statements” SA 250 (Revised) under the Clarity Project, "Consideration of Laws and Regulations in an Audit of Financial Statements" SA 260 (AAS 27), “Communications of Audit Matters with Those Charged with Governance” SA 260 (Revised) under the Clarity Project, "Communication with Those Charged with Governance" SA 265 under the Clarity Project, "Communicating Deficiencies in Internal Control to Those Charged with Governance and Management" SA 299 (AAS 12), “Responsibility of Joint Auditors”
	300-499	Risk Assessment and Response to Assessed Risks
		SA 300 (AAS 8), “Audit Planning” SA 300 (Revised) under the Clarity Project, “Planning an Audit of Financial Statements” SA 310 (AAS 20), “Knowledge of the Business” SA 315 under the Clarity Project, “Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment” SA 320 (AAS 13), “Audit Materiality” SA 320 under the Clarity Project, "Materiality in Planning and Performing an Audit" SA 330 under the Clarity Project, “The Auditor’s Responses to Assessed Risks” SA 400 (AAS 6), “Risk Assessments and Internal Control” SA 401 (AAS 29), “Audit in a Computer Information Systems Environment” SA 402 (AAS 24), “Audit Considerations Relating to Entities Using Service Organisations” SA 402 (Revised) under the Clarity Project, "Audit Considerations Relating to an Entity using a Service Organisation" SA 450, under the Clarity Project, "Evaluation of Misstatements Identified During the Audit"
	500-599	Audit Evidence
		SA 500 (AAS 5), “Audit Evidence” SA 500 (Revised) under the Clarity Project, "Audit Evidence" SA 501 (AAS 34), “Audit Evidence – Additional Considerations for Specific Items” SA 505 (AAS 30), “External Confirmations” SA 510 (AAS 22), “Initial Engagements – Opening Balances” SA 510 (Revised) under the Clarity Project, "Initial Audit Engagements Opening Balances" SA 520 (AAS 14), “Analytical Procedures” SA 530 (AAS 15), “Audit Sampling” SA 530 (Revised) under the Clarity Project, "Audit Sampling" SA 540 (AAS 18), “Auditing of Accounting Estimates” SA 540 (Revised) under the Clarity Project, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures SA 550 (AAS 23), “Related Parties” SA 550 (Revised) under the Clarity Project, "Related Parties" SA 560 (AAS 19), “Subsequent Events” SA 560 (Revised) under the Clarity Project, "Subsequent Events" SA 570 (AAS 16), “Going Concern” SA 570 (Revised) under the Clarity Project, "Going Concern" SA 580 (AAS 11), “Representations by Management” SA 580 (Revised) under the Clarity Project, "Written Representations"
	600-699	Using Work of Others
		SA 600 (AAS 10), “Using the Work of Another Auditor” SA 610 (AAS 7), “Relying Upon the Work of an Internal Auditor” SA 610 (Revised) under the Clarity Project, "Using the Work of Internal Auditors" SA 620 (AAS 9), “Using the Work of an Expert”
	700-799	Audit Conclusions and Reporting
		SA 700 (AAS 28), “The Auditor’s Report on Financial Statements” SA 710 (AAS 25), “Comparatives” SA 720 under the Clarity Project, "The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

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RD Verma (CA. Student) (314 Points)
Replied 23 December 2009

I agree with Nitesh..

Abhishek (Student Final) (292 Points)
Replied 26 December 2009

The following list contains the details of the Engagements and Quality Control Standards (Auditing). For the purpose of May, 2010 examinations the students are advised to refer to the Engagements and Quality Control Standards.

The details of the Engagements and Quality Control Standards (Auditing) with full text are being hosted for the guidance of the students.

(For PCC & IPCC)

S.No. Engagements and Quality Control Standards (Auditing)

Basic Principles Governing an Audit (SA 200)
Objectives and Scope of the Audit of Financial Statements (SA 200A)
Agreeing the Terms of Audit Engagements (SA 210) (Revised)
Quality Control for Audit Work (SA 220)
Audit Documentation (230) (Revised)
The Auditor’s Responsibilities Relating Fraud in an Audit of Financial Statements (SA 240) (Revised)
Consideration of Laws and Regulations in an Audit of Financial Statements (SA 250) (Revised)
Communication with Those Charged with Governance (SA 260) (Revised)
Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (265) (Newly Issued)
Responsibility of Joint Auditors (SA 299)
Planning an Audit of Financial Statements (300) (Revised)
Identifying and Assessing the Risk of Material Misstatement Through Understanding the Entity and its Environment (SA 315) (Newly issued)*
Materiality in Planning and Performing an Audit (SA 320) (Revised)
The Auditor’s Responses to Assessed Risks (SA 330) (Newly issued)*
Audit Considerations Relating to Entities Using Service Organisations (SA 402) (Revised)
Evaluation of Misstatements identified During the Audit (450) (Newly Issued )
Audit Evidence (SA 500) (Revised)
Audit Evidence - Additional Considerations for Specific Items (SA 501)
External Confirmations (SA 505)
Initial Audit Engagements – Opening Balances (SA 510) (Revised)
Analytical Procedures (SA 520)
Audit Sampling (SA 530) (Revised)
Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures (SA 540) (Revised)
Related Parties (SA 550) (Revised)
Subsequent Events (SA 560) (Revised)
Going Concern (SA 570) (Revised)
Written Representations (SA 580) (Revised)
Using the Work of Another Auditor (SA 600)
Using the Work of an Internal Auditors (SA 610) (Revised)
Using the Work of an Expert (SA 620)
The Auditor's Report on Financial Statements (SA 700)
Comparatives (SA 710)
The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements (720) (Newly Issued )

manjari (Article ) (56 Points)
Replied 26 December 2009

hey, there were some changes in SAs/ AASs. as per the ICAI website, they were gonna merge SA 200/ AAS 1 n SA 200A/ AAS 2. not only this but they have also withdrawn, introduce n revised some AAS/ SA. u should 9 that any change in the slyabus of any subject b4 1 month or say till 31th march 2010 will be included in ur course for MAY 2010. ICAI declares those amendments in their website. therefore i vl suggest u to keep updating urself through their website as mentioned in the 2nd n 3rd reply.

Ravi Singh (Article Assistant) (100 Points)
Replied 02 January 2010

dude luk out for SA 330 & SA 315.....along wid......sampling.......it wil gona help u a lot ......

Himanshu Kandoi (Delhi) (33 Points)
Replied 10 January 2010

tell me the appropriate book for newly revised sa pcc may 2010-paduka/surbhi bansal or any other

aseem (ca) (137 Points)
Replied 10 February 2010

see details on WWW.HIGHBROWMENTOR.COM FOR UPDATED NOTES IN HINDI AND ENGLISH FREE DOWNLOAD UPDATED FOR NOTIFICATION ISSUED BY BOS OF ICAI ON 14-12-2009

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